This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Toyota Recalls 7.43M Vehicles Due to Window Switch

Stocks in this article: TM

TORRANCE, Calif. -- ( TheStreet) -- Toyota (TM - Get Report) said Wednesday it will recall 7.43 million vehicles worldwide because of a faulty power window switch.

The recall includes 2.5 million vehicles sold in the U.S. between 2007 and 2009. Toyota said it failed to evenly apply grease to the driver's side power window switch during assembly. As a result, normal operation of the switch could cause the assembly to melt, potentially leading to smoke or fire.

No crashes had resulted from the faulty switch. However, more than 200 problems were reported in the U.S., with a smaller number of problems elsewhere, including 39 in Japan, according to The Associated Press.

In the U.S., vehicles involved include 938,100 Camrys; 337,100 Tundras; 336,400 RAV4s; 270,900 Corollas and smaller numbers of the Yaris, Camry Hybrid, Scion xD, Scion xA, Sequia, Highlander, Highlander Hybrid and Matrix. Owners of vehicles covered by the recall will receive notification letters starting late this month. Repairs, offered free of charge, will take about one hour.

Over the past several years, Toyota has recalled 14 million vehicles, putting a dent in its long-standing reputation for quality. However, Toyota buyers generally remain loyal and this year Toyota sales are soaring following production shortfalls a year ago because of the earthquake and tsunami in Japan.

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,378.31 -38.54 -0.22%
S&P 500 2,015.56 -5.69 -0.28%
NASDAQ 4,678.8850 -4.5220 -0.10%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs